Director, Credit Risk Management

About this role

Job Title: Director Capital Markets Credit Risk

Description:

Business Overview:

BlackRocks Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRocks fiduciary and enterprise risks. RQAs principal responsibility is to ensure that the risks in BlackRocks portfolios are fully understood by our portfolio managers and senior management and are consistent with clients objectives. We also help build state-of-the-practice quantitative models and analytics that help inform risk taking and portfolio construction across the firm. RQA team members tackle real-world problems using a multi-disciplinary skillset to provide tangible solutions in the investment management process.

Capital Markets Credit Risk Team:

RQAs Capital Markets Credit Risk team is charged with actively managing global counterparty credit risk exposures in accordance with the firms fiduciary mandate which includes providing transparency to counterparty credit-related portfolio and firm-wide risks. The team works closely with BlackRocks securities lending business applying its counterparty risk management expertise to support the firms role as an Agent Lender. The team is also responsible for trading risk helping trading management ensure that traders execution strategies result in their intended outcomes.

Role Overview

We are seeking a seasoned credit risk professional to lead our EMEA and APAC Counterparty Credit Risk team. This role is pivotal in managing the counterparty credit risk exposure taken by our funds across broker/dealers banks and other financial institutions in these regions. The successful candidate will collaborate closely with global teams specializing in trading risk counterparty risk and securities lending risk. The role encompasses both fiduciary and enterprise risk management mandates:

• Fiduciary: Protecting the interests of our clients by ensuring prudent counterparty credit risk management across their portfolios.

• Enterprise: Safeguarding BlackRocks own exposure as an Agent Lender in the securities lending market ensuring that enterprise-level risks are identified assessed and managed effectively.

Key Responsibilities:

• Lead the EMEA and APAC Counterparty Credit Risk team overseeing regional credit risk assessments and approvals.

• Conduct detailed credit analysis of financial counterparties including broker/dealers banks and other non-bank financial institutions.

• Provide guidance on relevant legal documentation negotiations including ISDA GMSLA and MSFTA agreements.

• Provide strategic input into risk appetite limit setting and escalation protocols for Securities Lending enterprise risk.

• Apply statistical and quantitative methods to assess counterparty credit exposures including stress testing and scenario analysis.

• Develop and maintain strong relationships with senior stakeholders across securities lending trading legal compliance and portfolio management teams.

• Mentor and manage a team fostering professional development and high performance.

Qualifications:

• Minimum 10 years of experience in finance with a focus on capital markets and counterparty credit risk.

• Strong understanding of capital markets trading risks and market practices including derivatives repo financing securities settlement and securities lending.

• Expertise in legal documentation relevant to capital markets (ISDA GMSLA MSFTA).

• Proven leadership experience managing regional or global teams.

• Familiarity with statistical models used in counterparty credit risk (e.g. PFE CVA stress testing).

• Excellent communication and stakeholder management skills.

• Bachelors degree in Finance Economics or related field; advanced degree or professional certifications (e.g. CFA FRM) preferred.

Preferred Attributes:

• Experience working in a global asset manager or investment bank.

• Ability to navigate complex regulatory environments across jurisdictions.

• Demonstrated success in influencing senior decision-makers and driving cross-functional initiatives.

Our benefits

To help you stay energized engaged and inspired we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax recharge and be there for the people you care about.

Our hybrid work model

BlackRocks hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person aligned with our commitment to performance and innovation. As a new joiner you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock we are all connected by one mission: to help more and more people experience financial well-being. Our clients and the people they serve are saving for retirement paying for their childrens educations buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment the one we make in our employees. Its why were dedicated to creating an environment where our colleagues feel welcomed valued and supported with networks benefits and development opportunities to help them thrive.

For additional information on BlackRock please visit @blackrock Twitter: @blackrock LinkedIn: is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age disability race religion sex sexual orientation and other protected characteristics at law.